National Bankshares Cuts TELUS (TSE:T) Price Target to C$23.00

TELUS (TSE:T) (NYSE:TU) had its target price dropped by analysts at National Bankshares from C$25.00 to C$23.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 10.63% from the company’s previous close.

A number of other brokerages have also weighed in on T. Royal Bank of Canada cut their target price on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 10th. TD Securities boosted their target price on shares of TELUS from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. BMO Capital Markets dropped their price target on TELUS from C$26.00 to C$24.00 in a research note on Tuesday, April 2nd. Scotiabank dropped their price target on TELUS from C$26.00 to C$24.25 and set a “sector perform” rating for the company in a research note on Wednesday, April 17th. Finally, CIBC lowered their target price on TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.33.

TELUS Stock Down 1.9 %

Shares of T stock traded down C$0.41 on Wednesday, hitting C$20.79. The stock had a trading volume of 4,651,186 shares, compared to its average volume of 3,251,039. The business has a 50 day moving average of C$22.15 and a 200 day moving average of C$22.96. The stock has a market cap of C$30.77 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52. TELUS has a 12-month low of C$20.75 and a 12-month high of C$26.09.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Thursday, May 9th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.02. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The company had revenue of C$4.93 billion during the quarter, compared to the consensus estimate of C$5.06 billion. As a group, analysts expect that TELUS will post 1.0009001 EPS for the current year.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.